Agland Value

USDA National Agricultural Statistics Service has released average cash rents by county for irrigated, non-irrigated and pasture ag lands in Nebraska. Higher rates tended to be in eastern Nebraska for all three land use types.

What should it cost to rent pasture this year? Preliminary results from the Nebraska Farm Real Estate Market Survey (Tables 1 and 2) released this week list average pasture rental rates by district and quality level as well as rates for cow-calf pairs.

Preliminary findings from the 2017 Nebraska Farm Real Estate Market Survey conducted by the University of Nebraska–Lincoln indicate that as of February 1, 2017, farmland values declined by about 10% over the prior 12-month period to $2,805 per acre. This marks the third consecutive year of decline. Farmland value peaked in 2014 at $3,315 per acre.